Description

Finest Known 1934A $20 Hawaii Mule Replacement Note

Fr. 2305* $20 1934A Hawaii Mule Federal Reserve Note. PCGS
Apparent Choice About New 55.
A piece that represents one of the rarest replacement notes for the
entire Hawaii series. We first offered this Hawaii star rarity in
our 2005 Taylor Family Collection sale. In that auction we
described it as, "A very rare Mule star which bears the highest
number of any recorded in the Oakes census. This is an extremely
difficult note to obtain in any grade, especially in this state of
preservation. A small repaired split at the bottom which barely
enters the design must be mentioned for total accuracy in
description." The piece remains the highest serial number listed in
the small size tome, and we have offered just one other example of
this replacement in any of our auctions since. PCGS noted the minor
repair that we described and as a result assigned an "Apparent"
grade. It last appeared with us back in 2014 in our Boston ANA
Platinum Night session where it realized $14,100 on an estimate of
$12,500-$17,500. To date, this note still remains the highest
graded Mule star example by both services combined. Finding
another, in any grade, is likely to entail a multi-year wait. The
estimate today shall remain as then, and we feel the 2014
realization will easily be met and possibly surpassed here this
evening.From The Hawaii- Pearl Harbor Collection